DraftKings Inc. (DKNG)

DKNG Cash Flow Statement

Operating, investing, and financing cash flow analysis

DKNG Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	733.434M	-48.437M	320.473M	287.477M	173.921M	-119.016M	325.189M	133.584M	29.389M
Net Income	58.644M	21.070M	136.426M	-256.788M	157.936M	-33.864M	-134.851M	-293.688M	63.822M
Depreciation & Amortization	277.033M	71.661M	74.002M	66.071M	65.299M	70.116M	66.099M	89.952M	61.623M
Stock-Based Compensation	157.174M	0.00	0.00	72.473M	84.701M	78.846M	110.060M	87.552M	90.220M
Change in Accounts Receivable	393.824M	86.119M	105.577M	65.555M	136.573M	147.527M	120.381M	406.175M	302.342M
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	152.315M	-180.298M	20.687M	432.995M	-121.069M	-235.265M	284.304M	240.494M	-96.185M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-54.917M	-7.085M	-3.956M	-39.560M	-4.316M	-2.647M	-2.028M	-31.814M	-2.421M
Acquisitions	-16.381M	0.00	-16.381M	0.00	0.00	0.00	-48.986M	-488K	-392.013M
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-735.634M	-122.943M	-381.854M	-102.840M	-127.997M	-216.596M	-72.794M	-20.258M	-24.413M
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	678.517M	-55.522M	316.517M	247.917M	169.605M	-121.663M	323.161M	101.770M	26.968M
Net Change in Cash	786.607M	251.674M	371.727M	144.233M	18.973M	214.788M	173.678M	83.031M	-376.392M

DKNG Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	662.855M	417.767M	-1.751M	-625.519M	-419.508M	-337.875M	-46.578M	-45.579M
Net Income	3.710M	-507.285M	-802.142M	-1.378B	-1.523B	-1.232B	-142.734M	-76.220M
Depreciation & Amortization	275.488M	270.854M	201.920M	169.252M	121.138M	77.410M	13.636M	7.499M
Stock-Based Compensation	339.311M	381.367M	398.463M	578.799M	683.293M	325.038M	17.613M	7.210M
Change in Accounts Receivable	105.577M	120.381M	349.309M	211.180M	97.813M	74.771M	29.844M	21.334M
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	97.348M	335.081M	134.882M	121.722M	356.750M	102.546M	64.239M	13.948M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-15.352M	-10.176M	-113.385M	-103.645M	-98.276M	-47.696M	-42.271M	-26.672M
Acquisitions	-16.381M	-441.487M	0.00	-96.507M	-64.970M	-179.645M	0.00	0.00
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-829.287M	-150.964M	-80.049M	-25.519M	-17.830M	-288.785M	-722K	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	647.503M	407.591M	-115.136M	-729.164M	-517.784M	-385.571M	-88.849M	-72.251M
Net Change in Cash	330.360M	-293.300M	-155.332M	-851.017M	524.866M	1.741B	-9.073M	68.641M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About DraftKings Inc.

DraftKings Inc. operates as a leading digital enterprise specializing in sports entertainment and gaming. The company provides sophisticated multi-channel sports betting and gaming technology solutions to operators across 17 countries, facilitating diverse entertainment experiences. Directly, DraftKings manages its own iGaming services under the DraftKings brand in five U.S. states, and separately operates Golden Nugget Online Gaming, another iGaming offering, in three states. Its Sportsbook platform is accessible for both mobile and physical wagers in 18 U.S. states, all in compliance with local regulations. Beyond traditional betting, DraftKings offers its daily fantasy sports product globally in six countries, spanning 15 different sports disciplines. Further diversifying its portfolio, the company has established DraftKings Marketplace, a user-friendly digital collectibles platform featuring curated NFT releases and supporting secondary trading. It also possesses Vegas Sports Information Network (VSiN), a multi-platform content and broadcasting entity. Established in 2011, DraftKings Inc. maintains its headquarters in Boston, Massachusetts.

Boston, MA

5,100 employees

www.draftkings.com

Consumer Cyclical / Gambling, Resorts & Casinos

Sector: Consumer Cyclical
Industry: Gambling, Resorts & Casinos
CEO: Jason D. Robins

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